Webull Rejects Congressional Panel Findings of Structural Ties to China
Webull Corporation (NASDAQ:BULL) has rejected findings from a bipartisan US congressional report that claims the online trading platform has deep structural ties to the Chinese government. The brokerage firm stated that the investigation drew broad conclusions from an incomplete record and contained factual errors. Despite the company's pushback, its shares fell nearly 2% in Thursday trading following a sharp decline the previous day.
The House Select Committee on China raised national security concerns, asserting that Webull's ownership structure, technology infrastructure, data routing, and compliance frameworks are tied to the People's Republic of China. These concerns have reportedly escalated since October 2025. Webull, which is owned by a Chinese parent company, countered that all data belonging to its American customers is stored securely within the United States.
Investors will watch how the regulatory landscape shifts, as Webull has expressed support for congressional recommendations to improve US financial frameworks. The market will also monitor whether the security concerns prompt further federal scrutiny or affect the platform's US user base and share performance.
Key points
- Webull Corporation pushed back against a House committee report, claiming the findings contain important factual errors.
- The bipartisan House Select Committee on China alleged that Webull's infrastructure and ownership are structurally tied to the Chinese government.
- Webull clarified that its US customer data is maintained domestically within the United States.
- Shares of the brokerage firm declined in trading following the release of the congressional findings.
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How we writeDisclaimerQuestions and answers
Why did Webull stock fall?
Webull shares declined after a bipartisan US House panel report raised national security concerns, alleging the trading platform has structural ties to the Chinese government.
How did Webull respond to the congressional report?
Webull stated the report gets important facts wrong and draws sweeping conclusions from an incomplete record, though it supports recommendations to improve US financial regulations.
Where does Webull store its American customer data?
Webull, which has ownership based in China, stated that all data from its American customers is kept inside the United States.